Bitcoin Liquid IndexShort
Bitcoin monthly ichi cloud shows where the trend is (bear)
Updated
since what will feel like forever bitcoin is now below the 1M ichi cloud, falling in the last few months and is now battling to get back above.
with the current economic climate it makes sense to enter shorts here:
- ich cloud resistance
- mid channel test
- monthly pivot
^^^ getting above these points would suggest bullish intent and possibly trigger a new bullrun but for now it seems lows and long term accumulation are ahead.
with the current economic climate it makes sense to enter shorts here:
- ich cloud resistance
- mid channel test
- monthly pivot
^^^ getting above these points would suggest bullish intent and possibly trigger a new bullrun but for now it seems lows and long term accumulation are ahead.
Note
cloud holds price...Note
cloud pivot:- fall below = bear
- recover top = bull
rsi converging in one spot, same outcomes as pivot above
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